How To Fix FINS_REV_REC154 - Fiscal Period 000 and/or Fiscal Year 0000 must not be used

FINS_REV_REC154 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 154

• Message text: Fiscal Period 000 and/or Fiscal Year 0000 must not be used

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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FINS_REV_REC154 - Details

• The SAP error message FINS_REV_REC154 indicates that there is an issue with the fiscal period and/or fiscal year being referenced in a transaction or process. Specifically, it states that the fiscal period and/or fiscal year must not be used, which typically means that the specified period or year is either closed, not defined, or invalid in the context of the transaction being processed.
  Causes:
  
  Closed Fiscal Period/Year: The fiscal period or year you are trying to use has been closed in the system, meaning no further postings can be made to that period/year.
  Incorrect Configuration: The fiscal year variant may not be properly configured, or the fiscal periods may not be defined correctly in the system.
  Data Entry Error: There may be a mistake in the data entry where the fiscal period or year is incorrectly specified (e.g., entering '0000' for the year).
  Posting Date Issues: The posting date of the transaction may fall outside